{"component": "definition", "props": {"groups": [{"snippet": "means, with respect to each share of Company Stock, the aggregate amount of cash and Marketable Securities received by the Kelso Entities (after giving effect to all payments under the Plan). Exit Value shall (a) be determined in good faith by the Committee on the date of each Liquidity Event and (b) include any cash or Marketable Securities received by the Kelso Entities as a result of any prior Liquidity Event. Subject to the foregoing criteria, any determination made in good faith by the Committee as to Exit Value of each share of Company Stock shall be binding on the Company and all Holders. For all purposes of this definition, the value of any Marketable Securities shall be determined on the date of receipt.", "size": 3, "samples": [{"hash": "c37TJW1ECnJ", "uri": "https://www.sec.gov/Archives/edgar/data/1176878/000095017202002642/s367173.txt", "label": "Recapitalization Agreement (K Holdings Inc)", "score": 6.0, "published": false}, {"hash": "dljzULKFBMQ", "uri": "https://www.sec.gov/Archives/edgar/data/1216596/000121659603000010/ex10_9.htm", "label": "Nortek Inc", "score": 3.0, "published": false}, {"hash": "fQezdso5gjO", "uri": "https://sec.report/Document/0001216596-03-000010/ex10_9.pdf", "label": "sec.report", "score": 3.0, "published": false}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "company-stock", "type": "clause", "offset": [37, 50]}, {"key": "aggregate-amount", "type": "clause", "offset": [56, 72]}, {"key": "cash-and-marketable-securities", "type": "clause", "offset": [76, 106]}, {"key": "received-by", "type": "definition", "offset": [107, 118]}, {"key": "kelso-entities", "type": "definition", "offset": [123, 137]}, {"key": "after-giving", "type": "clause", "offset": [139, 151]}, {"key": "payments-under-the-plan", "type": "clause", "offset": [166, 189]}, {"key": "in-good-faith", "type": "clause", "offset": [227, 240]}, {"key": "the-committee", "type": "clause", "offset": [244, 257]}, {"key": "liquidity-event", "type": "clause", "offset": [278, 293]}, {"key": "the-foregoing", "type": "definition", "offset": [428, 441]}, {"key": "stock-shall", "type": "definition", "offset": [548, 559]}, {"key": "the-company", "type": "definition", "offset": [574, 585]}, {"key": "purposes-of", "type": "clause", "offset": [611, 622]}, {"key": "the-value", "type": "clause", "offset": [640, 649]}, {"key": "the-date-of-receipt", "type": "clause", "offset": [702, 721]}], "hash": "21702982820a062b23558b5899608c8a", "id": 1}, {"snippet": "shall be a cumulative number, such that the \"Exit Value\" resulting from any prior Exit Events shall be added to the \"Exit Value\" obtained in the current \"Exit Event\" in order to determine the \"Exit Value\" following any Exit Event.", "size": 3, "samples": [{"hash": "5JGQR6piZXr", "uri": "/contracts/5JGQR6piZXr#exit-value", "label": "Limited Liability Company Agreement (Dresser-Rand Group Inc.)", "score": 18.0, "published": true}, {"hash": "4cZSkS1V0ur", "uri": "/contracts/4cZSkS1V0ur#exit-value", "label": "Limited Liability Company Agreement (Dresser-Rand Group Inc.)", "score": 18.0, "published": true}], "snippet_links": [{"key": "resulting-from", "type": "definition", "offset": [57, 71]}, {"key": "exit-events", "type": "clause", "offset": [82, 93]}, {"key": "the-current", "type": "clause", "offset": [141, 152]}, {"key": "determine-the", "type": "clause", "offset": [178, 191]}], "hash": "c3587551a0738b704a5248f7d8cf881c", "id": 2}, {"snippet": "means, with respect to each share of Common Stock, ---------- the value, on the date of an Exit Event, equal to: (i) the sum of (a) the aggre gate value of the consideration received by the holders of the Common Stock (in cluding shares issued as a result of the exercise of Options upon such Exit Event) solely in consideration for the sale or transfer of such shares of Common Stock, plus (b) all dividends paid, if any, to stockholders after the date hereof but prior to or in connection with such sale or transfer, divided by (ii) the total number of shares of Common Stock (including shares issued as a result of the exercise of Options upon such Exit Event) sold (or otherwise transferred) by such holders. The \"aggregate value of the consideration\" referred to in the preceding sentence shall be determined in good faith by the Board prior to the Exit Event. Subject to the foregoing criteria, any determination made in good faith by the Board as to the Exit Value of each share of Common Stock shall be binding on the Company and all Holders.", "size": 3, "samples": [{"hash": "fZDKjuEYlI8", "uri": "https://www.sec.gov/Archives/edgar/data/899714/000091664101500513/dex1019.txt", "label": "Agreement and Plan of Merger (Unilab Corp /De/)", "score": 6.0, "published": false}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "the-value", "type": "clause", "offset": [62, 71]}, {"key": "date-of", "type": "clause", "offset": [80, 87]}, {"key": "exit-event", "type": "definition", "offset": [91, 101]}, {"key": "equal-to", "type": "definition", "offset": [103, 111]}, {"key": "sum-of", "type": "clause", "offset": [121, 127]}, {"key": "holders-of", "type": "clause", "offset": [190, 200]}, {"key": "the-common-stock", "type": "clause", "offset": [201, 217]}, {"key": "shares-issued", "type": "clause", "offset": [230, 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"https://www.sec.gov/Archives/edgar/data/1267395/000095013603002977/file003.txt", "label": "Aspen Insurance Holdings LTD", "score": 5.0, "published": false}], "snippet_links": [], "hash": "d2a260d6069a13195ba6e14c775ca9de", "id": 7}, {"snippet": "the proceeds if an asset or business were to be sold. This estimated amount is considered to be most reliable if the proceeds are derived from an independent third party in an arm's length transaction where the sale is not rushed.", "size": 2, "samples": [{"hash": "fBla3XNBpzc", "uri": "/contracts/fBla3XNBpzc#exit-value", "label": "Patent and Know How License Agreement", "score": 34.7920748523, "published": true}, {"hash": "1w9t2yAln1v", "uri": "/contracts/1w9t2yAln1v#exit-value", "label": "Software License Agreement", "score": 34.7920748523, "published": true}], "snippet_links": [{"key": "estimated-amount", "type": "clause", "offset": [59, 75]}, {"key": "independent-third-party", "type": "definition", "offset": [146, 169]}, {"key": "the-sale", "type": "clause", "offset": [207, 215]}], "hash": "0e23fcfeedc60f7222b01a4691c606b1", "id": 8}, {"snippet": "means the entire value received (and to be received) by the Capital Investors (including the value of any dividends or other distributions), without duplication, from the Effective Date through the occurrence of a disposition of Membership Interests.", "size": 2, "samples": [{"hash": "8J8ng6G2kvm", "uri": "https://www.sec.gov/Archives/edgar/data/40194/000004019413000118/finalinformationstatementmer.htm", "label": "Notice (Gateway Energy Corp/Ne)", "score": 12.9260780287, "published": false}, {"hash": "iVXgaixPxix", "uri": "https://www.sec.gov/Archives/edgar/data/40194/000004019414000004/finalinformationstatementmer.htm", "label": "Notice (Gateway Energy Corp/Ne)", "score": 11.0027378508, "published": false}], "snippet_links": [{"key": "value-received", "type": "definition", "offset": [17, 31]}, {"key": "capital-investors", "type": "definition", "offset": [60, 77]}, {"key": "the-value", "type": "clause", "offset": [89, 98]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [106, 138]}, {"key": "without-duplication", "type": "clause", "offset": [141, 160]}, {"key": "from-the-effective-date", "type": "clause", "offset": [162, 185]}, {"key": "disposition-of-membership-interests", "type": "clause", "offset": [214, 249]}], "hash": "f2ce3d0116b36b2fcb709805ddfd2dbf", "id": 9}, {"snippet": "means the aggregate amount owing to a Lender upon a Qualified Exit, such amount calculated by: (A) multiplying the applicable Multiple (determined in accordance with the terms of this Agreement) by the Principal Amount; and (B) adding any interest due and payable to the amount in (A).", "size": 2, "samples": [{"hash": "8j6Gijc8hPg", "uri": "/contracts/8j6Gijc8hPg#exit-value", "label": "Term Facility Agreement (Rockley Photonics Holdings LTD)", "score": 32.6221765914, "published": true}, {"hash": "5ivj0bf9Uj7", "uri": "/contracts/5ivj0bf9Uj7#exit-value", "label": "Support Letter (Rockley Photonics Holdings LTD)", "score": 30.4688569473, "published": true}], "snippet_links": [{"key": "amount-owing", "type": "definition", "offset": [20, 32]}, {"key": "a-lender", "type": "definition", "offset": [36, 44]}, {"key": "a-qualified", "type": "clause", "offset": [50, 61]}, {"key": "applicable-multiple", "type": "definition", "offset": [115, 134]}, {"key": "in-accordance-with", "type": "definition", "offset": [147, 165]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [170, 193]}, {"key": "the-principal-amount", "type": "definition", "offset": [198, 218]}, {"key": "payable-to", "type": "definition", "offset": [256, 266]}], "hash": "6878e87e6719e9f9c407a935689d6504", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiITZXhpdC12YWx1ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Exit Value", "snippet": "means, with respect to each share of Company Stock, the aggregate amount of cash and Marketable Securities received by the Kelso Entities (after giving effect to all payments under the Plan). Exit Value shall (a) be determined in good faith by the Committee on the date of each Liquidity Event and (b) include any cash or Marketable Securities received by the Kelso Entities as a result of any prior Liquidity Event. Subject to the foregoing criteria, any determination made in good faith by the Committee as to Exit Value of each share of Company Stock shall be binding on the Company and all Holders. For all purposes of this definition, the value of any Marketable Securities shall be determined on the date of receipt.", "size": 28, "id": "exit-value", "examples": ["This drag along obligation only applies in case of an Exit at a minimum price in accordance with fair market value, which price is to be determined by an independent third party appointed with the consent of all the Shareholders (&quot;Minimum <strong>Exit Value</strong>&quot;) in case of an Exit, and in case of a sale of all or substantially all assets of the Company at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the Company.", "This drag along or force sale obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by and independent third party appointed with the consent of all the Shareholders (the &quot;Minimum <strong>Exit Value</strong>&quot;) in case of a sale of the Shares, and at a price higher than the aggregate of the Minimum <strong>Exit Value</strong> and the debt in the in the company in the case of a sale of the assets in the company.", "This drag along obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by and independent third party appointed with the consent of all the Shareholders (&quot;Minimum <strong>Exit Value</strong>&quot;) in case of a sale of the shares, and at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the in the Company in the case of a sale of the assets of the Company.", "This drag along obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by an independent third party appointed with the consent of all the Shareholders (&quot;Minimum <strong>Exit Value</strong>&quot;) in case of a sale of the shares, and at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the in the Company in the case of a sale of the assets of the Company.", "This drag along obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by an independent third party appointed with the consent of all the Shareholders (&quot;Minimum <strong>Exit Value</strong>&quot;) in case of a sale of the shares, and at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the Company in the case of a sale of the assets of the Company.", "The Company undertakes that, other than in the ordinary course of its business, it will not assign, transfer, sell, (sub)licence or otherwise dispose of or encumber any of the Intellectual Property Rights or Works of the Company unless it is at market value and the price is higher than the Minimum <strong>Exit Value</strong>.", "This drag along obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by and independent third party appointed with the consent of all the Shareholders (&quot;Minimum\u200b <strong>Exit Value</strong>&quot;)\u200bin case of a sale of the shares, and at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the in the Company in the case of a sale of the assets of the Company.", "If the parties cannot agree, each party shall choose a recognized, experienced independent appraiser, which appraisers shall in turn choose a third appraiser who shall be responsible for conducting the appraisal and determining the <strong>Exit Value</strong> (any such appraiser is referred to herein as the &quot;Appraiser&quot;).", "This drag along obligation only applies in case of a sale at a minimum price in accordance with fair market value, which price is to be determined by an independent third party appointed with the consent of SBC and SBC Global and a special resolution of the Shareholders (&quot;Minimum <strong>Exit Value</strong>&quot;) in case of a sale of the shares, and at a price higher than the aggregate amount of the Minimum <strong>Exit Value</strong> and the debt in the in the Company in the case of a sale of the assets of the Company.", "Each Syndicate Member may be liable upon an Exit to taxes on any capital gains made by such member where their <strong>Exit Value</strong> exceeds their individual share of the Aggregate Subscription Amount."], "related": [["unit-value", "Unit Value", "Unit Value"], ["ri-value", "RI Value", "RI Value"], ["worst-value", "Worst Value", "Worst Value"], ["aggregate-value", "Aggregate Value", "Aggregate Value"], ["company-value", "Company Value", "Company Value"]], "related_snippets": [], "updated": "2025-07-06T21:56:45+00:00"}, "json": true, "cursor": ""}}